Dye & Durham Limited (TSE:DND) Plans $0.02 Quarterly Dividend

Dye & Durham Limited (TSE:DND) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.019 per share on Thursday, November 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, November 14th.

Dye & Durham Stock Down 2.2 %

DND stock opened at C$16.90 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.98 and a debt-to-equity ratio of 402.18. Dye & Durham has a 1 year low of C$9.45 and a 1 year high of C$20.01. The company has a fifty day simple moving average of C$16.19 and a 200 day simple moving average of C$14.24. The firm has a market cap of C$1.13 billion, a PE ratio of -6.19 and a beta of 2.09.

Dye & Durham (TSE:DND) last released its earnings results on Thursday, November 7th. The company reported C($0.14) earnings per share for the quarter. The firm had revenue of C$119.93 million for the quarter, compared to analyst estimates of C$120.30 million. Dye & Durham had a negative return on equity of 42.91% and a negative net margin of 38.23%. Sell-side analysts anticipate that Dye & Durham will post 0.1121051 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DND shares. Cormark cut their target price on shares of Dye & Durham from C$23.00 to C$17.50 in a research report on Monday, July 22nd. BMO Capital Markets upped their price objective on shares of Dye & Durham from C$18.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, CIBC upped their price objective on shares of Dye & Durham from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dye & Durham has an average rating of “Buy” and an average price target of C$22.08.

About Dye & Durham

Dye & Durham Limited, together with its subsidiaries, provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom. It offers Practice Management, a real estate workflow and practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that aggregates proprietary data and public records into valuable insights; and Payments Infrastructure, a software that helps people pay their bills and taxes in real time, as well as enables digital mortgage processing, and an integrated information search and managed banking services.